LONDON--(BUSINESS WIRE)--Technavio has announced the release of their research report on the global sodium chlorate market for the forecast period 2019-2023. This global sodium chlorate market analysis report segments the market by end-user (pulp and paper and others) and geography (APAC, Europe, MEA, North America, and South America).
Global sodium chlorate market size will grow by almost 894.4 thousand tonnes during 2019-2023, at a CAGR of more than 4%. Sodium chlorate is increasingly used in various end-user industries such as mining, water treatment, chemicals, and fireworks. In agriculture, it is used as a herbicide due to its oxidizing properties. Sodium chlorate is also used as a defoliant and disinfectant for crops such as corn, flax, soybeans, and cotton. In the mining industry, sodium chlorate is used as an oxidizing agent for treating ore in the extraction of vanadium. The growing use of sodium chlorate in several end-user industries is one of the key trends that will fuel the growth of the market.
Request for a free sample and get illustrations, table of contents, list of exhibits, and example pages from this report
Growing pulp and paper industry
The pulp and paper industry uses chlorine oxide derived from sodium chlorate to bleach wood pulp to produce high-quality and environmentally friendly paper products. Many manufacturers in the paper industry are incorporating eco-friendly technologies to improve their production efficiency. The growth of the pulp and paper industry generating strong demand for sodium chlorate due to its easy availability and cost-effectiveness.
“North America was the largest consumer of sodium chlorate in 2018 and is expected to dominate during the forecast period. The high demand for paper and paper products, and increasing mining activities in the region will support market growth in the region. The APAC region will witness a faster growth in the sodium chlorate market during the forecast period due to high demand from rapidly developing countries such as China, India, and Malaysia. The growth in the agricultural sector and the increasing vanadium production in China will further drive the demand for sodium chlorate in the region,” says an analyst at Technavio.
View snapshot of the report for a more detailed overview of the market and the segmentation covered in this report
This global sodium chlorate industry research report provides an in-depth analysis of the major drivers, upcoming trends, and challenges that will impact market growth over the forecast period. The report analyzes the competitive landscape and offers details on several sodium chlorate manufacturers including -
- Akzo Nobel N.V.
- SHOWA DENKO K.K.
- Superior Plus
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. Technavio’s report library consists of more than 10,000 reports covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies.
Please contact our media team at firstname.lastname@example.org for more information.